📈 Major Earnings are Here

These earnings are going to move the market.

Major Earnings

We have a number of companies reporting earnings this week that are going to be very important for the market.

It will be interesting to see if strong earnings are rewarded or if the market is going to use any uncertainty to dump stocks. I think good earnings will be rewarded despite the uncertainty surrounding the economy.

ASML

First, by the time this sends, ASML will have reported earnings. This earnings is very important because it is going to cause reverberations around the semiconductor space as a whole.

NVDA will move based on these earnings.

TSM

Another major earnings we have in the semiconductor space is TSM which reports Thursday before market open.

TSM is a major supplier to NVDA so investors will use the strength (or lackthereof) of their business as an indicator as to how NVDA is performing.

NFLX

Lastly we have NFLX reporting after market close on Thursday. NFLX has help up relatively well through the recent sell-off in the market and institutions are expecting subscriber growth.

Remember that the subscriber number is the most important number to institutions and it will dictate whether they buy or sell the stock once earnings are out.

Watch this video for my thoughts on these earnings and how I am playing them: